10 Aug (Wed):
Overall Market:
- The market went thru a roller coaster ride for the past week. The bear came in having a big fight with the bull. Before the fight is settled, one might be more prudent to consolidate one's portfolio and cash while revising/keeping a watch list of only the quality and trendy stocks.
- STI this week breached the 2920 support level, if failed to hang on, next level is ~2650.
Watch List:
- sectors: defensive utilities with high yield; selected commodities and resources
- companies with substainable themes and concepts (e.g iPhone-related, China-national development/policy related, S'pore offshore & marine-related)
3 Aug (Wed):
Overall Market:
- Market up for one day yest after resolution of US debt ceiling issue; today the market concerns shift to the fundamental issue of possible recession in US and slow in growth of emerging markets.
- Overnite, Dow -265, FTSE -56; tis morn (10am) Jap/Aust markets opened down ~1.6-1.8%
- Palm Oil up ~3130, C. Oil ~93, Gold goes higher ~1660
Last Week:
- sold more OCBC holdings @9.93 (near 6-mo hi) last Thu as it seemed shy of getting near te $9.97 barrier (but on Monday it managed to leap to 10.09 b4 retreating to 10.02 staying above $10)
Today:
- most stocks gapped down esp those lead movers (HK gaming stocks, ..)
27 July (Wed):
Overall Market
- More or less continued the trend from prev day with the US debt ceiling issue still unresolved.
- End of the day, HSI & STI closed not much changed (~-.1 & +.2% resp.)
Today:
- closed OCBC (@9.83) and StraitsAsia (@3.06) long positions for a small gain to preserve capital for other opportunities
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